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i was going to ask you the taxes issue. having the democrat lead on taxes can't be good for a republican. >> we had the second cycle in a row where obama's run and tried to neutralize a tax advantage. again, part of it and thas is what is really new to our poling. more afffluent people think obama is the biggest threat to them. lower income people think mitt romney is. we are seeing cultural differences by income that are interesting. >> the romney quality advantages what i want to do with you federal budget deficit up nine. dealing with china as an economic rival up eight. on the economy up three. changing business as usual in washington is dead even. if you are the obama campaign what concerns you the most here? the deficit number? >> probably the deficit. i think if you are the president's campaign you're less worried about romney's numbers right now. on the one hand the 40% right direction is the highest it has been in 3 1/2 years and any incumbent heading in that is momentum. 53% say the country is headed in the wrong
i was going to ask you the taxes issue. having the democrat lead on taxes can't be good for a republican. >> we had the second cycle in a row where obama's run and tried to neutralize a tax advantage. again, part of it and thas is what is really new to our poling. more afffluent people think obama is the biggest threat to them. lower income people think mitt romney is. we are seeing cultural differences by income that are interesting. >> the romney quality advantages what i want to...
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Oct 4, 2012
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is our outlook is that we think capital spending will pick up once there's clarity with respect to tax policy and deficit spending. and until we see that, there will be a holdback, which there has been in capital spending. after the election those issues should be resolved so we're looking for very robust 2013 market wise. the other piece of this is we really have not had a steady inflow in equity funds since 07 defight the market performance. and that's not true of fixed income, we expect that to actually come to fruition. >> tom: okay. some money to come off out of fixed income maybe into stocks, with sei. >> absolutely. >> tom: let's take a look at your previous picks, right after valentine's day february 15 we saw you, american capital a private equity public traded company up 30% plus. city national up 9%. do you still like these? >> definitely. believe it or not, american capital still trading at three times earnings, despite its appreciation. and it's a perfect play on mid cap companies in the u.s. and certainly monies cheap too. so it's a great way to play the recovery. >> tom:
is our outlook is that we think capital spending will pick up once there's clarity with respect to tax policy and deficit spending. and until we see that, there will be a holdback, which there has been in capital spending. after the election those issues should be resolved so we're looking for very robust 2013 market wise. the other piece of this is we really have not had a steady inflow in equity funds since 07 defight the market performance. and that's not true of fixed income, we expect that...
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>> we have one guy, mitt romney says let's lower the tax rate to 25%. we need that in america but that obama who lot of people don't like what it comes to that strategy. 28%. what is 3% among ceo tie-ins but he says 25% for manufacturing, industry. a lot of republicans don't like industrial policy. i am not saying you should or shouldn't agree with that or disagree but both of these candidates want to help manufacturing whether by industrial policy or more bigger government area or lower the rate. [talking over each other] cheryl: alan mulally would love it if it were 25%. stamping chicago back in may doing gangbuster business. mitt romney wants to do it but obama also wants to do it. the difference is things not in manufacturing. you get 25%, if we could get down to 25 this is going to work. i don't think you should politicize your investment portfolio. dave: no solution the opportunities. [talking over each other] dave: america's top c e os are more pessimistic than in years so why is there outlook dampening and what do they think will turn things aro
>> we have one guy, mitt romney says let's lower the tax rate to 25%. we need that in america but that obama who lot of people don't like what it comes to that strategy. 28%. what is 3% among ceo tie-ins but he says 25% for manufacturing, industry. a lot of republicans don't like industrial policy. i am not saying you should or shouldn't agree with that or disagree but both of these candidates want to help manufacturing whether by industrial policy or more bigger government area or lower...
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Oct 6, 2012
10/12
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do to create jobs and i heard more of the same, stimulus, hiring more government workers and raising taxes and those things don't create jobs, they cost jobs. >> meantime on the campaign trail in ohio, president obama had the fire that was absent in the debate and saying that mitt romney was not telling the truth at the debate and trying to wiggle out of his opposition. >> and day two-- well, maybe it was extreme makeover. debate edition. but no matter what he sees, my opponent, he's a big believer in the economics. >> and president obama in his campaign hits big news saying the month of september they raised 181 million dollars. the romney campaign countering a few minutes ago in less than 48 hours after that debate performance, they raised 12 million dollars. and this could be a fight right to the finish, kelly, no question about that. >> john, i think you're right about that, but one thing is clear, mitt romney is certainly energized by wednesday night's debate. would you say? >> reporter: yeah, absolutely. the real key though and the challenge for governor romney, kelly sto keep that m
do to create jobs and i heard more of the same, stimulus, hiring more government workers and raising taxes and those things don't create jobs, they cost jobs. >> meantime on the campaign trail in ohio, president obama had the fire that was absent in the debate and saying that mitt romney was not telling the truth at the debate and trying to wiggle out of his opposition. >> and day two-- well, maybe it was extreme makeover. debate edition. but no matter what he sees, my opponent,...
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that portends $900 billion of tax increases. our economy simply is not going to recover quickly with that hanging over its head. mitt's plan is more cost reduction. president obama is much, much bigger. income prehensably large tax kin p increases. people think letting bush tax cuts on people earning over $250,000 is the answer to the problem. that is $50 billion a year. if you cut capital gains and estate tax it is another 50 dal billion a year. that doesn't cut it. melissa: congressman, do you think the governor should go into numbers like that? i'm a thumb members gal. i like to see what is really happening. i'm not sure the rest of the american public can sort through the math? should he talk about the real picture of the economy and talk about passionately. which do you think is better case for the economy? >> no doubt he will talk about unemployment north of 8% for 43 months. no doubt he will talk about the 23 million people out of work or underemployed. but then very quickly, you also have to talk to the person at home, w
that portends $900 billion of tax increases. our economy simply is not going to recover quickly with that hanging over its head. mitt's plan is more cost reduction. president obama is much, much bigger. income prehensably large tax kin p increases. people think letting bush tax cuts on people earning over $250,000 is the answer to the problem. that is $50 billion a year. if you cut capital gains and estate tax it is another 50 dal billion a year. that doesn't cut it. melissa: congressman, do...
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lowest corporate taxes or among the highest corporate taxes in america? >> i'm -- >> highest corporate taxes in america right now, right? >> highest corporate tax rate in the world right now. >> it's not that much higher than our competitors. in fact, it's lower than many competitors. stop talking about the rates. >> that's not true. >> we know it's mislead. it's effective tax burden on corporations, which is well in line with our european and asian competitors. >> isn't it true that small businesses, which of course as we all know are the real creators of jobs, will pay the ordinary income tax? if you're going to raise ordinary income tax on people making more than $200,000, that's going to hit small businesses and choke off that part of the job creation. >> that's right, maria. the top individual tax rate have a huge amount of small business income. if romney would cut the top individual rate from 35 to 25%, for example -- >> which would help small business. >> small businesses would be benefitted by that. >> bill, that's something john thain said, the
lowest corporate taxes or among the highest corporate taxes in america? >> i'm -- >> highest corporate taxes in america right now, right? >> highest corporate tax rate in the world right now. >> it's not that much higher than our competitors. in fact, it's lower than many competitors. stop talking about the rates. >> that's not true. >> we know it's mislead. it's effective tax burden on corporations, which is well in line with our european and asian...
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Oct 7, 2012
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may go as far as endorsing a candidate for president with the hopes that the irs will revoke their tax-exempt status. it's part of a growing effort by the group alliance defending freedom to challenge the johnson amendment, which they say is unconstitutional. it states, religious organizations cannot participate in or interfere in any political campaign on behalf of any candidate. >>> all right, it's one of the biggest challengers for the busy traveler staying fit while you are on the road. our richard klaas has a plan that will have you doing push-ups in your pjs. >> adrian has been training me for four years. he knows my travel lifestyle well. so he's put together a routine of exercises suited to a hotel room of any size. when you wake up, in your pjs, all in 10 minutes. >> you're going to sit all day in a meeting, and you've probably been on the plane for four hours up to 16 hours depending how far you've flown and your body is just stuck. it just wants to move, so move. >> so the workout. six simple steps. >> first let's do a squat. the thing about the squats is you'll be in a sitting pos
may go as far as endorsing a candidate for president with the hopes that the irs will revoke their tax-exempt status. it's part of a growing effort by the group alliance defending freedom to challenge the johnson amendment, which they say is unconstitutional. it states, religious organizations cannot participate in or interfere in any political campaign on behalf of any candidate. >>> all right, it's one of the biggest challengers for the busy traveler staying fit while you are on the...
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are definitely better than higher taxes. i don't dispute that. nobody disputes that. all else isn't equal. if you finance those tax cuts for the rich with huge amounts of debt as george w. bush did and as mitt romney is proposing, you're going to end up with slower growth. that's what we've got over the last ten years. there's no reason to believe any different. >> with we certainly have that over the last three years. >> exactly. >> let me ask you this, diana. >> pause, pause, pause. timeout. when the president took office, the economy was contracting by 9% annual. it's now growing. don't tell me the economy is growing slower than when the president took office. that's not true. >> in the last year and the year before. the last three years is what i'm referring to. >> the last three years we've had growth. i agree the growth hasn't been strong enough. >> right. diana, do you think we could see a 75% tax rate here if, in fact, the president gets re-elected? would what's happening in france carry over here? is it the same ide
are definitely better than higher taxes. i don't dispute that. nobody disputes that. all else isn't equal. if you finance those tax cuts for the rich with huge amounts of debt as george w. bush did and as mitt romney is proposing, you're going to end up with slower growth. that's what we've got over the last ten years. there's no reason to believe any different. >> with we certainly have that over the last three years. >> exactly. >> let me ask you this, diana. >> pause,...
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Oct 2, 2012
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, like your home mortgage tax deduction, in the romney/ryan tax plan. not enough time. they can't even say if you will pay more or less with their tax plan. well, mitt, i'm sure president obama will give you as many of his minutes as you need to explain it all in wednesday night's debate. >> mitt romney needs a great october. >> we know romney needs a great october. >> to change the course of this campaign. >> the final push is on. >> just days away from the first presidential debate. >> both candidates cramming for the first debate. >> everyone trying to lower expectations. >> franticly spinning to lower expectations. >> >> president obama is an experienced debatetor. >> i'm just okay. >> almost everyone seems to be muting enthusiasm in trying to undersell thvernlths is mitt's first time. >> i don't buy that. >> chris christie is taking a different tack. >> we have a candidate who is going to do extraordinary well on wednesday night. come thursday morning when we get to thursday morning, the entire narrative of this race is going to change. >> this is
, like your home mortgage tax deduction, in the romney/ryan tax plan. not enough time. they can't even say if you will pay more or less with their tax plan. well, mitt, i'm sure president obama will give you as many of his minutes as you need to explain it all in wednesday night's debate. >> mitt romney needs a great october. >> we know romney needs a great october. >> to change the course of this campaign. >> the final push is on. >> just days away from the first...
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. 10 years later, i had to raise taxes. i hated it. arnold, how can you do that? you promised the people you wouldn't raise taxes. all of a sudden you are there with a $40 billion deficit because the economy took a dive and we had less revenues coming in. >> sean: even the car tax. >> exactly. it's a real clem and real dileml challenge. i was adamant about solving the financial problem of california to pay down the debt, number one. number two, to make the deficit go away and live within our means. i was not able to do it. >> sean: we have much more with governor schwarzenneger. is he supporting a candidate this election? that is coming up next. >> sean: we continue now with arnold schwarzenegger. he's written a new memoir. it's called "total recall: my unbelievably true life story." you talk about in your book, you go through a childhood where you grew up, where you had to walk to get water. >> milk. >> sean: milk. you didn't have a bathroom. you didn't have running water. you didn't have any of the bare necessities. >> ri
. 10 years later, i had to raise taxes. i hated it. arnold, how can you do that? you promised the people you wouldn't raise taxes. all of a sudden you are there with a $40 billion deficit because the economy took a dive and we had less revenues coming in. >> sean: even the car tax. >> exactly. it's a real clem and real dileml challenge. i was adamant about solving the financial problem of california to pay down the debt, number one. number two, to make the deficit go away and live...
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because he wants to keep open the tax loopholes that encourage jobs overseas. i want to make sure that we're providing tax breaks from companies right here in america. i want to help big factories and small businesses double their exports. i want more goods stamped with made in america. i want to create 1 million new manufacturing jobs in the next four years. >> obama care is point number one. it is the example number one where he wants to put bureaucrats between you and your doctor, he believes that the government should tell you what kind of insurance you have to have. he believes that government should have a board of people that tell you what kind of care you can receive. my view is we fight for freedom in this country, i do not want an intrusive massive larger debt spending government that crushes the american dream. >> they like to call it obama care, well, let me tell you, i do care. i care about all the young people who are able to stay on their parents' plans now. i care about the seniors who are seeing lower prescription drug costs. i care about folks
because he wants to keep open the tax loopholes that encourage jobs overseas. i want to make sure that we're providing tax breaks from companies right here in america. i want to help big factories and small businesses double their exports. i want more goods stamped with made in america. i want to create 1 million new manufacturing jobs in the next four years. >> obama care is point number one. it is the example number one where he wants to put bureaucrats between you and your doctor, he...
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i live in new york i pay 50 percent in taxes. >> the rich are paying most of the taxes in the country. statistics come out that are amazing. >> it is like an amazing number. i was surprised to see it. they work hard they employ people. this is a very, very bad time. we are in a weak economy. this would be a bad time to raise taxes for any one whether it's the rich, the poor. now in all fairness less than 50 percent of the people in this country pay taxes anyway which is another amazing statistic. i wouldn't believe that statistic. the rich pay tremendous amounts of taxes. most of the taxes in the country and they really have to be at least -- rich people if they don't love their country they can go to other countries and pay a lot less tax. if you were in new york and the taxes were high you could move to florida or move here. with globalization and everything -- >> why don't you move to florida. we have golf courses in miami. >> i have a lot of great properties in florida. i just -- >> the minute you walk you hed florida. >> i love new york. i stick with new york. it's a great place.
i live in new york i pay 50 percent in taxes. >> the rich are paying most of the taxes in the country. statistics come out that are amazing. >> it is like an amazing number. i was surprised to see it. they work hard they employ people. this is a very, very bad time. we are in a weak economy. this would be a bad time to raise taxes for any one whether it's the rich, the poor. now in all fairness less than 50 percent of the people in this country pay taxes anyway which is another...
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how in lord's name can they justify raising their taxes with these tax cuts? >> and this is how paul ryan responded. >> i thought he was taking my speech. you know what? we agree. the middle class has been buried over the last four years. they're being buried by obama care, by borrowing, taxes, spending, more regulations, all this uncertainty plaguing businesses. the way to fix this is stop this and elect mitt romney. >> on the joe biden, gaffe meter, how big of a gaffe is this? >> joe biden gaffe meter? that's probably different. probably a six for a non-joe biden it would probably be an eight. come on, joe biden makes some great ones. you know, i thought it was interesting yesterday, the amount of conference calls that suddenly both sides engaged in after joe biden opened his mouth. after, put you back in chains comment, they took him off the stage for a few weeks and they may do that for the rest of the election. >> i want to move on to another piece of tape that's received a lot of attention over the last 24 hours or so. a tape put out by fox news, daily c
how in lord's name can they justify raising their taxes with these tax cuts? >> and this is how paul ryan responded. >> i thought he was taking my speech. you know what? we agree. the middle class has been buried over the last four years. they're being buried by obama care, by borrowing, taxes, spending, more regulations, all this uncertainty plaguing businesses. the way to fix this is stop this and elect mitt romney. >> on the joe biden, gaffe meter, how big of a gaffe is...
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i will not put in place a deficit thdea tax that adds to the deficit. my plan is not to put in place any tax cut that will add to the deficit. >> we want to look at the facts here, again. mitt romney has not laid out specifics for how he would pay for his tax cut. he says it's by reducing deductions and closing loopholes, but he hasn't said which or how many. so, the verdict here is simply incomplete. we just don't know. >> that was john burrman reporting there for us. one way, though, is that romney has said that he would actually pay for this reduced revenue is by capping itemized deductions, but still so few specifics. i mean, he floated the idea of capping deductions at 17,000 and then floated the idea of capping them at 25,000 or 50,000. don't voters deserve to know and need to know what it is going to be at this point? >> i think he's going to have to give more specifics, certainly. a debate may not be the best platform to give specifics because the answers are supposed to be short and, frankly, randi, he was able to get away with not giving many
i will not put in place a deficit thdea tax that adds to the deficit. my plan is not to put in place any tax cut that will add to the deficit. >> we want to look at the facts here, again. mitt romney has not laid out specifics for how he would pay for his tax cut. he says it's by reducing deductions and closing loopholes, but he hasn't said which or how many. so, the verdict here is simply incomplete. we just don't know. >> that was john burrman reporting there for us. one way,...
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how in lord's name can they justify raising their taxes with these tax cuts? >> of course, joe biden went on to clarify. but, ana, paul ryan wasted no time, seizing on those comments. good strategy? >> look, you know, i love joe biden. i don't know how every republican in america doesn't love joe biden. he is a great guy. he's fun. he is the gift that keeps on giving. i miss joe biden. we hadn't heard a gaffe from good old joe in about two or three weeks. it really had been a long time. this is what the campaigns are like today in 2012, unfortunately. we look for gaffes on each other and try to make them real big. i think when joe starts getting earnest, when he starts getting righteous and starts talking about god, watch out, because a zinger is coming out. >> speaking of zingers, the debate spoet supposedly is going to be all about zingers. i can see mitt romney taking that line. i would. maria? >> the problem with that, though, carol, is that if you know joe biden and what he has done in his career, he has actually been one of the strongest spokespersons fo
how in lord's name can they justify raising their taxes with these tax cuts? >> of course, joe biden went on to clarify. but, ana, paul ryan wasted no time, seizing on those comments. good strategy? >> look, you know, i love joe biden. i don't know how every republican in america doesn't love joe biden. he is a great guy. he's fun. he is the gift that keeps on giving. i miss joe biden. we hadn't heard a gaffe from good old joe in about two or three weeks. it really had been a long...
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the cut in tax rates? >> the cut in tax rates is lower all americans tax rate business 20%. >> how much does that cost? >> it's revenue neutral. >> unless you take away the deductions. >> we're going to get to that in a second. the first half lowering the tax rates does that cost $5 trillion? >> no. look, i won't get into baseline argument with you because that's what a lot of this is about. lowering tax rates broadening the tax base works and you can -- >> but i have to -- you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> that was paul ryan on fox news yesterday making the case against math or for time or some combination thereof. these are the moments where i think the romney team has trouble, once you can actually drill down and say, but how does it work? show me the numbers. there is no answer. >> right. paul ryan thinks he can use this kind of policy wonk construction that he's been able to create to evade policy discussions. h
the cut in tax rates? >> the cut in tax rates is lower all americans tax rate business 20%. >> how much does that cost? >> it's revenue neutral. >> unless you take away the deductions. >> we're going to get to that in a second. the first half lowering the tax rates does that cost $5 trillion? >> no. look, i won't get into baseline argument with you because that's what a lot of this is about. lowering tax rates broadening the tax base works and you can --...
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three other big economic issues they're going to be talking about, first of all, on taxes. mitt romney hasosed a 20% across the board rate cut for individuals, but he hasn't specified how he's going to pay for that without increasing the deficit or increasing the burden on middle and low-income workers. president obama will press him on that. by the same token, p obama says he wants to cut the corporate rate from 35 to 28. he hasn't specified how he's going to pay for that. on jobs, you can expect to hear mitt romney talk about on net since january 2009 when barack obama took office, hardly any jobs created. barack obama will talk about a time line beginning in early 2010. since then, 4 million private sector jobs have been created. finally, medicare, the big issue threatening go bankrupt the budget long term. mitt romney is proposing a substantial change that would include vouchers. he hasn't said how much they'd grow over time. president obama has not said whether or not he's going to propose the same kind of changes like raising the eligibility age for medicare that he t
three other big economic issues they're going to be talking about, first of all, on taxes. mitt romney hasosed a 20% across the board rate cut for individuals, but he hasn't specified how he's going to pay for that without increasing the deficit or increasing the burden on middle and low-income workers. president obama will press him on that. by the same token, p obama says he wants to cut the corporate rate from 35 to 28. he hasn't specified how he's going to pay for that. on jobs, you can...
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eastern time. >>> preaching politics from the pulpit, p if it happens churche risk losing tax-exempt status. many religious leaders across the country challenge the law anyway. find out why. he delicious sugar-free vitafusion fiber well gummies have more fiber than other leading brands. they're the better way to enjoy your fiber. . >>> they're calling for the defate of president obama and so-called unbiblical candidates. organizers hoped as many as 1500 pastors across the country would take part today. dan gilgoff joins us from washington to tell us more about what's happening here. dan, who is behind this, and what causes a candidate to be defined as "unbiblical" say some of the pastors? >> there's a conservative evangelical group called alliance defending freedom that organized the event today. what's really kind of incredible about it is this the third year they are challenging pastors to speak out for or against political candidates. what started a few dozen churches participated. this year today there were 1400 pastors who say they are participating. of course, the other big thi
eastern time. >>> preaching politics from the pulpit, p if it happens churche risk losing tax-exempt status. many religious leaders across the country challenge the law anyway. find out why. he delicious sugar-free vitafusion fiber well gummies have more fiber than other leading brands. they're the better way to enjoy your fiber. . >>> they're calling for the defate of president obama and so-called unbiblical candidates. organizers hoped as many as 1500 pastors across the...
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i spend hours a day trying to find a job and get taxes taken from my unemployment tax. karen, chandler, arizona. my husband and i both have jobs, but worse off financially than ever. bill, adding mcgurk to "the factor" is the best since miller time. bill, don't subject your viewers to gottlieb. "the factor" is becoming "jersey shore." aren't you better than that, bill? not really. billy connor, carmine, texas. o'reilly, we have tickets for the show in austin, texas. are we still on? the show is sold out, billy. miller and i will be there november 23rd. the 24th, the houston evening sold out. details on all shows on billoreilly.com. seeyouinnovember. dave,franklin,tennessee. bill,toaddtoyourtipoftheday,that bill,toaddtoyourtipoftheday,that nowisagoodtime be a house, federal sales tax. somehow that's flying under the radar. the texas only kicks in if you make a big profit, but it is another tax. finally the factor tip of the day. tomorrow my new book "killing kennedy" will be released. i think you'll like. it's like "killing lincoln." some people think it's better. theref
i spend hours a day trying to find a job and get taxes taken from my unemployment tax. karen, chandler, arizona. my husband and i both have jobs, but worse off financially than ever. bill, adding mcgurk to "the factor" is the best since miller time. bill, don't subject your viewers to gottlieb. "the factor" is becoming "jersey shore." aren't you better than that, bill? not really. billy connor, carmine, texas. o'reilly, we have tickets for the show in austin,...
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they are focused on new tax, on capital gains basically, wants the capital gain to be taxed at the same level as salaries and that's the problem for young entrepreneurs because when you create a small company, you don't pay yourself a huge salary, and the only way to make money out of it, to be rewarded for your hard work is to resale your company some years later, if it's successful, of course. and in that case, if you sell your internet company for perhaps ten million euros, you will have to pay up to 60% in taxes. that's their own calculations. that's to compare with 32% right now. that's the reason why they've created this movement on the internet. 23,000 fans on facebook, more than 5,000 followers on twitter. i'm not sure they're going to convince the government, but at least they managed to put the debate on the table. >> thank you very much. >>> elsewhere, ag bar has been ground an extension on their major talks. the u.s. takeover panel has given the two companies until the end of the month to decide on a potential 1.3 billion pound tie-up. meanwhile, another deadline also looms
they are focused on new tax, on capital gains basically, wants the capital gain to be taxed at the same level as salaries and that's the problem for young entrepreneurs because when you create a small company, you don't pay yourself a huge salary, and the only way to make money out of it, to be rewarded for your hard work is to resale your company some years later, if it's successful, of course. and in that case, if you sell your internet company for perhaps ten million euros, you will have to...
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he has a tax cut. if you implemented it, what he says though, and has said from the beginning is that he will pay for that tax cut. when you include that sentence, he then says fairly scored, i have promised as a later date to pay for it. the question has been how are you going to pay for it? why should we believe you when no republican in 20 or 30 years has paid for a tax cut. i'm not sure it is wrong for romney to say that he is going to do a $5 trillion tax cut. the problem is he hasn't told us a word about how he is going to pay for it. the three things he wants to do, have the 20% across the board rate cut and have it paid for while protecting a bunch of tax cuts, they can't be done at once. something has to give and we don't know what it will be. >> he is wrong. because, if we give them the allowance that you are willing to give him, that will be the first time in the history of the discussion of tax policy in our government that anyone has been able to say i don't have a $5 trillion tax cut beca
he has a tax cut. if you implemented it, what he says though, and has said from the beginning is that he will pay for that tax cut. when you include that sentence, he then says fairly scored, i have promised as a later date to pay for it. the question has been how are you going to pay for it? why should we believe you when no republican in 20 or 30 years has paid for a tax cut. i'm not sure it is wrong for romney to say that he is going to do a $5 trillion tax cut. the problem is he hasn't told...
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Oct 7, 2012
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romney wants another $5 trillion in tax cuts that he can't pay for. we're not going let that happen. >> no. >> reporter: the president has no public events today and is off celebrating 20 years of marriage with the first lady. the campaign announced a huge fund raising hall for september totaling $181 million. republicans have yet to report their september totals. >> we're in it to win it. >> yeah! >> reporter: ann romney dropped in on campaign volunteers in orlando this afternoon. >> and we got to win. we have to win. >> we are going win florida. i will predict that. >> thank you. >> a recent gallop poll shows a stagger -- staggering amount of younger voters might be sitting the election out. fifty% of the registered voters in the age group will vote next month. that number falls far below the tional average of 78%. in washington, mike emmanuel, fox news. >>> the news edge on maryland now where hundreds of students marched from langley park to the university of maryland in support of maryland's dream act. they trying to ramp up support for question 4
romney wants another $5 trillion in tax cuts that he can't pay for. we're not going let that happen. >> no. >> reporter: the president has no public events today and is off celebrating 20 years of marriage with the first lady. the campaign announced a huge fund raising hall for september totaling $181 million. republicans have yet to report their september totals. >> we're in it to win it. >> yeah! >> reporter: ann romney dropped in on campaign volunteers in...
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Oct 4, 2012
10/12
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i will not raise tax on middle income families. i'll lower taxes on middle income families. martha: by our count president obama mentioned the middle class 19 times, clearly a focus of every presidential election. let's talk about this. lanny davis joins me now. and jonah goldberg is the editor at large for the national review. welcome, jonah. lanny, you listened to all that. what do you think? >> i'm not very happy with the president's performance. i think he did poorly. i agree with him on substance. i think he got the better of the exchange regarding the facts and the policy. but for the obama campaign to put the spokesman on and i'm sure she is doing her best and not to admit he had a bad night and to say we ought to do fact check when the fact checkers have rated obama's ads with four pinocchios. the way to do this is to say look at governor romney. smile, be gracious. don't look down and take notes while a man is talking to you. it's as simple as admitting he had a bad night. but on policy and substance i'm still voting for him. i know she doesn't believe she was sayin
i will not raise tax on middle income families. i'll lower taxes on middle income families. martha: by our count president obama mentioned the middle class 19 times, clearly a focus of every presidential election. let's talk about this. lanny davis joins me now. and jonah goldberg is the editor at large for the national review. welcome, jonah. lanny, you listened to all that. what do you think? >> i'm not very happy with the president's performance. i think he did poorly. i agree with him...
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Oct 4, 2012
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tax cuts. you knew this was goingo be a big issue. president obama went on the attack saying mitt romney is essentially pitching a huge tax cut for the rich. >> governor romney's central economic plan calls for a $5 trillion tax cut on top of the extension of the bush tax cuts, that's another trillion and $2 trillion in additional military spending that the military hasn't asked for. >> mitt romney does propose across the board 20% tax cuts in the nonpartisan tax center says under that plan, taxes on the wealthiest americans would be reduced by $5 trillion. initially. but romney says he would offset the cuts with reductions and deductions and closing loopholes that will reduce the tax cut for the wealthy. so our verdict here is that president's saying he would cut the taxes by $5 trillion on wealthy is false because any deduction you take out will make it smaller. there is more to this story. on the deficit, mitt romney claims with the tax cuts he'll not add to the deficit. >> my number one pri
tax cuts. you knew this was goingo be a big issue. president obama went on the attack saying mitt romney is essentially pitching a huge tax cut for the rich. >> governor romney's central economic plan calls for a $5 trillion tax cut on top of the extension of the bush tax cuts, that's another trillion and $2 trillion in additional military spending that the military hasn't asked for. >> mitt romney does propose across the board 20% tax cuts in the nonpartisan tax center says under...
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bain, 47%, tax returns or women. what on earth was going on with him last night? four home runs, no hits taken. >> yeah. i can't answer why he didn't do that. but i can tell you this. i do know that he was waiting to hear from mitt romney about how he was going to pay for his $5 trillion tax cut and he didn't get an answer. i would love to know from newt gingrich, who i know has been working with and is a surrogate for the romney campaign. can he name two, at least two of the deductions that will be cut to be able to pay for the $5 trillion tax cut that romney is offering? >> very good question. newt gingrich, one thing we're not getting from mitt romney is any real detail about how he's going to achieve this miraculous saving. can you explain to us any of the detail? >> well, first of all, there are at least two components to how he ends up paying for the tax cut. one is growth, where anybody who looks at getting down from obama's devastatingly high unemployment rate with 23 million americans out of work, if you get back to a normal unemployment rate you dramatic
bain, 47%, tax returns or women. what on earth was going on with him last night? four home runs, no hits taken. >> yeah. i can't answer why he didn't do that. but i can tell you this. i do know that he was waiting to hear from mitt romney about how he was going to pay for his $5 trillion tax cut and he didn't get an answer. i would love to know from newt gingrich, who i know has been working with and is a surrogate for the romney campaign. can he name two, at least two of the deductions...
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Oct 3, 2012
10/12
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. >> the romney/ryan tax plan will raise taxes on middle-class families with a child, one or more children, by an additional $2,000 a year. how -- all kidding aside, with all the boos, look, guys, this is deadly earnest, man. this is deadly earnest! how they can justify, how they can justify raising taxes on the middle class that's been buried the last four years, how in lord's name can they justify? >> god bless him. >> mark mckinnon -- i love him. mike, we love him. we love him! has anybody not told him, they've been in the white house for the past four years? buried? the middle class has been buried over the past four years. >> joe, i am being deadly earnest now, man. deadly earnest. okay? on how anybody -- how anybody can attempt to bury the vice president is beyond me. >> i'm not trying to bury him. i got a good laugh out of it. mark mckinnon, you think we may hear the middle class has been buried over the past four years? >> 47%, especially tonight. >> and it's fresh. >> it's fresh, it's new, it's relevant. the one other thing i'd mention, joe, just look at the general mood of the co
. >> the romney/ryan tax plan will raise taxes on middle-class families with a child, one or more children, by an additional $2,000 a year. how -- all kidding aside, with all the boos, look, guys, this is deadly earnest, man. this is deadly earnest! how they can justify, how they can justify raising taxes on the middle class that's been buried the last four years, how in lord's name can they justify? >> god bless him. >> mark mckinnon -- i love him. mike, we love him. we love...
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tax rate, they're taxed at a lower rate. the businesses in the last 3% of businesses happen to employ half -- half of all people that work in small business. they employ one-quarter of all workers in america, and you want to take their tax rate from 35% to 40%. i talked to a guy with a very small business, he's in the electronics business in st. louis. he has four employees. he said he and his son calculated how much they pay in taxes, federal income tax, federal payroll tax, state sales tax, state property tax, gasoline tax, it added up to well over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses says that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do, i bring down the tax rates, lower deductions and exemptions, the same idea by behind bowles-simpson, by the way, get the rates down, lower exemptions and create jobs. there's nothing better to get us to a balanced budget t
tax rate, they're taxed at a lower rate. the businesses in the last 3% of businesses happen to employ half -- half of all people that work in small business. they employ one-quarter of all workers in america, and you want to take their tax rate from 35% to 40%. i talked to a guy with a very small business, he's in the electronics business in st. louis. he has four employees. he said he and his son calculated how much they pay in taxes, federal income tax, federal payroll tax, state sales tax,...
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Oct 3, 2012
10/12
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but not dictions sufficient to take the taxes up. we hope the middle class will have a tax reduction even with the elimination of deductions and putting a cap on deductions actually gives more credibility because you can give the middle class more deductions. the governor also said if you have more incomes, you pay lower caps, in other words $17,000. the idea that taxes on the well-to-do and the successful and those who are making a lot money will not go down. middle classing we hope they will stay where they are, or come down. coming down is a possibility. the important part of this tax plan, is to remember, when you earn, say you earn $200,000 and you have $20,000 worth of deductions, so now you paying tax on $180,000. if you paid tax at 35 percent rate, obviously the rate will be below $35 percent because you do not pay on full $200,000. governor romney is saying reduce that rate and every dollar you earn offer the amount that uses up the tax deductions, you will pay the lowest rate on. it will encourage people to earn more money,
but not dictions sufficient to take the taxes up. we hope the middle class will have a tax reduction even with the elimination of deductions and putting a cap on deductions actually gives more credibility because you can give the middle class more deductions. the governor also said if you have more incomes, you pay lower caps, in other words $17,000. the idea that taxes on the well-to-do and the successful and those who are making a lot money will not go down. middle classing we hope they will...
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Oct 4, 2012
10/12
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and taxes. just after romney spent time giving the details on awful those being critical of very specific pro visions of don frank. and this is the president was not in denver. i thought he spent too much time shooting bass cats rather than prepping for this thing. we saw it. he offered up routine rogue talking point thing that's people were sitting there saying do you know what? this doesn't jive with what i've just seen happen with these two men on the stage. >> and rnc chair predicting the president would make excuses because he can't defined his record. he joins us from denver, good evening mr. chairman. tell me have you spoken to governor romney since the debate? >> i. i can tell you he was smilingng. tonight was a historical night. and this is a sense that that is shocking. the performance but there is a problem for governor and drk-excuse me, the president, mitt romney was ready, and prepared. and he was ten yaishis and respectful. the president meandering. i think he left his heart back
and taxes. just after romney spent time giving the details on awful those being critical of very specific pro visions of don frank. and this is the president was not in denver. i thought he spent too much time shooting bass cats rather than prepping for this thing. we saw it. he offered up routine rogue talking point thing that's people were sitting there saying do you know what? this doesn't jive with what i've just seen happen with these two men on the stage. >> and rnc chair predicting...